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Animal Health Market

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Animal Health Industry Overview

Disease outbreaks, the rise of companion care and technological advancements present significant opportunities for animal health companies and investors. Navigate this fast-expanding sector with confidence with our market-leading coverage.

Key facts about the global animal health market
  • The combined annual revenue of the animal health industry’s top 20 companies is around $30 billion.
  • The top 20 animal health companies account for around 80% of the industry’s total sales.
  • Animal health is still a burgeoning industry – only eight businesses have annual sales of over $1 billion.
  • The largest acquisition in animal health is Elanco’s $7.6 billion purchase of Bayer Animal Health – due to close in 2020.
  • Animal health is becoming more independent. In the early 2000s, nearly the whole of the animal health industry’s top 20 companies were subsidiaries of larger human pharma businesses. Now, only three companies retain this link.

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Animal Health sectors


The top firms in animal health sell drugs, vaccines and diagnostics for food-producing animals and pets. These companies tend to enjoy mid-single-digit organic growth each year.


Veterinary diagnostics are a key growth area of the animal health industry with developments in technology and processes used to identify the nature and cause of an illness or injury.


The largest sub-segment of the animal health industry is the pet antiparasitics space. Other drugs include therapeutics for pain, cancer and allergies.


Animal health companies are increasingly adopting and developing digital technologies to monitor the health of pets and livestock, such as wearables and sensors.


Vaccines developed by animal health companies prevent diseases in farm animals, as well as pets in the companion care market.

Animal Health Economics

Comprehensive livestock and animal industry data and market forecasting to support long-term strategic planning.

Who we help

Market Intelligence

Staying abreast of the latest developments in your markets is key, but a challenging task in a fast-paced industry. Keep yourself informed with in-depth news, weekly round-ups of top stories and utilize an extensive historical archive to delve deeper into specific topics of interest.

Sales and Marketing

You are expected to understand the core commercial landscape and identify growth markets. Our commercial analysis allows you to track company performance with our industry rankings and M&A tracker, as well as identify key businesses with our company tracker and insight into new start-ups.


Tracking the latest legal developments across the industry, from multiple sources on a global scale can be time-consuming. Stay abreast of changes and react with confidence using our dedicated policy and regulation analysis that consolidates industry research for you.

Unlock new opportunities in the global animal health sector

Animal Health Experts

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